One of the promising peer-to-peer digital exchanges Bitsquare has released a new update that supports various new cryptocurrencies and also bumped up trade limits on exchange.
The cryptocurrencies that Bitsquare supports include Monero, Maker, DAO, STEEM, BigUp, PlatinumBar, Jumbucks, Pinkcoin, OKCash, Moin, SolarCoin, Shift, Europecoin, PostCoin and GridCoin. Manfred Karrer, Bitsquare founder and developer released the new update that raised trading limits on all trading pairs. The raise was 2 BTC for alternative currency trades; 1.5 BTC for OKPay trades; 0.75 BTC for fiat-based Bank trades; 1 BTC for all other transactions.
The update at GitHub stated that, “Because the national currency portion of any trade must be transferred via traditional means such as a wire transfer, Bitsquare incorporates first-class support for human arbitration to resolve any errors or disputes.”
This platform is open to all and anyone can download, install and use it. Users need not provide any kind of personal information including their mail id’s while downloading. There is no client data stored on Bitsquare’s IT infrastructure, so trader funds are not at risk of hacking or theft. In a conversation video with The Daily Decrypy, Manfred Karrer said that, “There’s no verification, no KYC/AML requirements, and that’s possible because Bitsquare is not holding funds.”
Last month on April 27, Bitsquare launched its first beta version. Bitsquare is a decentralized bitcoin exchange which is designed to be safe, private, quickly accessible, open and easy.
